Most of our members are participating in one or more PPO plans, including Delta Dental. Due to increased patient demand, staffing shortages, and rising overhead costs, more practices are looking for ways to reduce, rather than increase, their PPO participation. Here’s how to make this happen for your practice to increase profits by working smarter rather than harder.
Some time ago, an East Coast general dentist with an extremely busy practice approached us for help, as he was dissatisfied with his financial progress. His practice overhead percentage was increasing while his practice profit percentage was declining, and he wanted to take action to correct his excess spending (overhead) problem. During the in-depth analysis conducted as part of our Tax and Business Planning program, we discovered that his rising overhead was not the root problem, but rather a symptom.
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